Terrorism and foreign direct investment in Spain and Greece.
… Thıs paper focuses on the economıc costs associated with net foreign dırect Investment (NFDI),
That is, we investigate whether terrorist ıncıdents can dıssuade foreign capital Inflows
through an atmosphere of Intımıdation and heightened financial risks. The paper has two
primary purposes. The first 1s to ascertain whether … In our two-equation system with 12
lags, Greek transnatıonal terrorism does not Granger-cause Greek NFDI If and only if o 12(1)
= ... = o2(12) = 0. We would expect these coefficients to equal zero, if, in fact, NFDI evolved …
That is, we investigate whether terrorist ıncıdents can dıssuade foreign capital Inflows
through an atmosphere of Intımıdation and heightened financial risks. The paper has two
primary purposes. The first 1s to ascertain whether … In our two-equation system with 12
lags, Greek transnatıonal terrorism does not Granger-cause Greek NFDI If and only if o 12(1)
= ... = o2(12) = 0. We would expect these coefficients to equal zero, if, in fact, NFDI evolved …
Abstract
Presents a time-series methodology for quantifying the impact that terrorist incidents have had on net foreign direct investment in Spain and Greece. Transfer function; Cumulative effect on foreign-held capital.
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